Posted by Fabien _the efficient capital allocator > 2 months ago | Report Abuse

It's not the first time Tan Sri Surin takes company private. Check back MWE, another asset rich company who own stakes in WCE.

Posted by yapws > 2 months ago | Report Abuse

Most local companies like that, no respect to minority shareholders

We should raise to government and Bursa to propose law that enhance all shareholders interest

Posted by Kaya Toast > 2 months ago | Report Abuse

SURIN offer will be tabled to Board for approval (Surin & related parties abstained for voting). If they approved this shit, notice of at least 21 days required to conduct EGM for shareholder voting. If this shit approve by minority shareholder , need to submit application to high court for SCR. I think fast also need 3-6 months.

Posted by Silemak > 2 months ago | Report Abuse

I will definitely vote NO for 1.70.

Posted by Opportunate > 2 months ago | Report Abuse

YTD , only 2% of shares changed hand which drove the stock price from 1.05 to 1.63.
This definitely not the alternative to privatize the company through open market purchase as minority shareholders is holding tight with their shares.
By announcing privatisation at 1.70 , Surin might hope that he can cap the price and minority shareholders will sell off below 1.70. The transaction volumes yesterday afternoon after the announcement and today sent a very clear signal to him that we will not dispose our shares at this price.

Posted by Opportunate > 2 months ago | Report Abuse

We have a couple of millions of shares in hand and we decided not to sell at open market and will vote against the resolution during EGM unless the offer price revise to min RM2

Posted by Opportunate > 2 months ago | Report Abuse

Although our holding represented a small fraction of the 702MM oustanding shares but we hope we can joint force with other minority shareholders to sense a clear signal to Surin that we are trying our best to go against the unfair offer price.

Posted by TheContrarian > 2 months ago | Report Abuse

@Opportunate, the SCR will be frustrated if around 40 million shares vote against it.

Posted by Opportunate > 2 months ago | Report Abuse

We just do whatever we can for a better price. I wish Surin will revise the price to 2 and above and with happy ending at EGM. Then we can move on to other counters

Posted by Opportunate > 2 months ago | Report Abuse

@YouWin I will put my bet on those stock counters with land in Pasir Gudang area. Betting that East of Johor will be connected to Singapore through another RTS.
Singapore didn't like bridge as more cars will enter Singapore. RTS only transporting people.

Posted by Johnzhang > 2 months ago | Report Abuse

Hi Opportunate ,

My group own about 21 mil shares . With your couple of million shares , we may just need 10+ million shares from others to frustrate guy ! We will have enough support!

I think all of us have no objections to the privatization if the price is palatable. Afterall, there is so much on the plate to share ! No respect for that S guy at all. He is already one of the richest man in Malaysia and yet trying to take poor minority for a ride !
————————

Opportunate wrote:
We have a couple of millions of shares in hand and we decided not to sell at open market and will vote against the resolution during EGM unless the offer price revise to min RM2

Posted by TheContrarian > 2 months ago | Report Abuse

@John, need to be diplomatic to engage Surin.

Posted by Johnzhang > 2 months ago | Report Abuse

latest BS 31/3/2024,
The cash+ near cash assets in the company are as below ;
1. Investment securities (non current) $47.7m
2. Investment securities (current) $591.4m
3. Net receivable (after payables)$94.9m
4.cash in bank $66.3m
Total 1+2+3+4 =$778.7m

Total disinterested shares 399,670,907 .
At $1.70 , the payout is $679.4m only !

The balance after SRC payout is $778.7 m - $679.4m=$99.3 m.

The lands in Pegerang, KL, sgor and Penang worths $billion .

Posted by Johnzhang > 2 months ago | Report Abuse

@Thecontrarian, I am just very pissed off .

TheContrarian wrote ,
@John, need to be diplomatic to engage Surin.

Posted by Opportunate > 2 months ago | Report Abuse

@JohnZhang let's try our best to do what we can.

Posted by Opportunate > 2 months ago | Report Abuse

I kind of confuse with the 10%. If I not mistaken , I read somewhere that need 10% of total shares , which means 70.2MM instead of 40+MM to turn down the proposal

Posted by Opportunate > 2 months ago | Report Abuse

I kind of unhappy with the way Surin table his privatisation EXCUSE.
He was the one running the company. The company was poorly manage and the stock price was under performing and now he uses this as an excuse to take the company private at low price , avoiding the NA of the company at 2.40 which yet to factor in the revaluation.

Posted by Opportunate > 2 months ago | Report Abuse

2 years ago I joined in the AGM through online. I totally disappointed with the management.

Posted by Opportunate > 2 months ago | Report Abuse

MPHBCAP not my major holding so far. Won't be investing in any counter related to Surin in the future.
My investment focus more on technology stocks.
The company majorshareholders someone I knew in person , very humble and responsible person. One in top 50 richest list in Malaysia. Another one on the rise with new factory expansion. I have high hope on them due to their personality

Posted by Opportunate > 2 months ago | Report Abuse

So far , Nylex is working on LRT at JB area together with BTS , Ancom Nylex and LBS. No latest development so far.
Johor Transport Master Plan
BRT until Tebrau area ( phase 1)
Phase 2 extended to Pasir Gudang and surrounding area in 2035.
Pengerang even further from JB.
The only option to boost Eastern Part of Johor is building another RTS connecting Pasir Gudang to Tanah Merah MRT Station in Singapore

Posted by Opportunate > 2 months ago | Report Abuse

MahSing bought a pcs of land , more than 1000 acres within Pasir Gudang and Pengerang to develop into township. The land price about RM8 per ft2.

Posted by Opportunate > 2 months ago | Report Abuse

5 or 6 years ago

Posted by Opportunate > 2 months ago | Report Abuse

If Johor government.decided to build RTS connecting Pasir Gudang to Singapore , the land price in Pasir Gudang will skyrocket as connectivity will significantly improve. Tanah Merah to Changi Airport only 1 MRT Station. JB to Senai Airport by road about 1hr. Worth to bet on company with land in Pasir Gudang. Pengerang about 20km from Pasir Gudang , spill over effect not as much.
Residential land price in Pasir Gudang around 30 psft

Posted by Opportunate > 2 months ago | Report Abuse

https://malaysia.news.yahoo.com/consortium-seeking-build-johor-lrt-064724840.html#:~:text=Previously%2C%20Malaysian%20listed%20firm%20Nylex,Nylex%20Berhad%20to%20collaborate%20on

Posted by Opportunate > 2 months ago | Report Abuse

https://malaysia.news.yahoo.com/consortium-seeking-build-johor-lrt-064724840.html#:~:text=Previously%2C%20Malaysian%20listed%20firm%20Nylex,Nylex%20Berhad%20to%20collaborate%20on

Posted by Opportunate > 2 months ago | Report Abuse

https://en.m.wikipedia.org/wiki/Iskandar_Malaysia_Bus_Rapid_Transit

Posted by Johnzhang > 2 months ago | Report Abuse

Hi Opportunate , would appreciate if you are kind to share the 2 technology counters you mentioned.
—————
Opportune wrote :
Mphb not my major holding so far. Won't be investing in any counter related to Surin in the future.
My investment focus more on technology stocks.
The company majorshareholders someone I knew in person , very humble and responsible person. One in top 50 richest list in Malaysia. Another one on the rise with new factory expansion. I have high hope on them due to their personality

Posted by Khatulistiwa1 > 2 months ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/05/14/size-of-js-sez-to-bring-more-benefits-to-a-host-of-industries#:~:text=The%20economic%20sectors%20that%20are,services%2C%20digital%20economy%20and%20tourism.

Posted by Khatulistiwa1 > 2 months ago | Report Abuse

https://www.channelnewsasia.com/asia/johor-singapore-sez-special-economic-zone-pengerang-pipc-oil-gas-renewable-energy-4376261

Posted by Johnzhang > 2 months ago | Report Abuse

Good news from Khatulistiwa1.
More so , minorities must stand united .

Posted by speakup > 2 months ago | Report Abuse

Good news no point! Already cap at 1.70 by Surin.

Posted by Johnzhang > 2 months ago | Report Abuse

https://property.enanyang.my/%e8%b6%8b%e5%8a%bf/%e8%be%b9%e4%bd%b3%e5%85%b0%e6%88%96%e6%88%90%e7%8b%ae%e5%9f%8e%e6%b2%b9%e4%bc%81%e5%90%8e%e6%96%b9%e5%9f%ba%e5%9c%b0/?fbclid=IwZXh0bgNhZW0CMTEAAR3HZMvUNLqT9-Wr5i668aqOKTUUYHhKF6GyGzY-9kFy3EFr0Lkpi0xVavw_aem_AcBHgOs6ihD-u-q5zg_yXj_4ucKFwfkci6eh8GIl2gvUpBXt3bxCR4e8ZYUrVh6eI_Xuskgdl4vDGN89uArcpSMT

Posted by Kaya Toast > 2 months ago | Report Abuse

Pengerang SEZ+ Oil refinery + RE + Singapore + Saudi .. all news lead to only one direction for the land price (up to the moon).

Sorry Surin, this time you can't getaway with discount. Hope you do the right thing to leave yourself a legacy and memorable by minority shareholder

Posted by AlfI3 > 2 months ago | Report Abuse

Ya lar, was rm12 but not RM 120 lah😂

Posted by Kaya Toast > 2 months ago | Report Abuse

Received a reply from Minority Shareholder Watch Group, they recommended us to wait as Board has not announced their decision (deadline 27 June 2024). Thereafter shall wait for IAC advice and recommendations if price is fair.

Posted by Opportunate > 2 months ago | Report Abuse

@johnzhang Vitrox and TTVision.

Posted by Opportunate > 2 months ago | Report Abuse

We should wait for the advice from the independent advisor. Let see what their comment will be.
Get the 3 sen dividend 1st

Posted by Opportunate > 2 months ago | Report Abuse

My view regarding Pengerang land

Many focus on Oil and Gas. If state governmenttake over the land , the price will most likely 10 to 12 psft.

Less focus was on green energy. Due to carbon footprint requirement from EU , Singapore need huge amount of green energy. Pengerang very strategically located to supply green energy such as solar to Singapore.

Pengerang land size of 1600+ acres very suitable for 500MW solar farm.

If MPHBCAP engage in solar farm project , as compare to outright sales of the land , this will be a better option by generating constant cash flow and profit to the company. Valuation for the stock will be better.

I'm observing the SCR has something to do with this.

Under LSS5 , 1st time in the history , 500MW solar farm open for bidding.

Form available to purchased in May , submit of form in July.

Posted by Opportunate > 2 months ago | Report Abuse

*I'm observing either the SCR has something to do with LSS5

Posted by Opportunate > 2 months ago | Report Abuse

This will determine how desperate Surin will be for the SCR

Posted by ajkeat > 2 months ago | Report Abuse

@johnzhang,I am a new comer to this i3investor,very interesting to read you guys comment and analysis on this counter mphb (especially johnzhang comments),I can gather 1 million MPHB shares incase i am needed to vote against Surin offer of 1.70,please notify me if my offer is required in due course

Posted by speakup > 2 months ago | Report Abuse

ajkeat go ahead and buy 1 million mphbcap

Posted by Johnzhang > 2 months ago | Report Abuse

@ajkeat, yes , any number of minority and their share holdings is important to join force in order to get a fairer deal . As the day go by ,more minorities will join our mission.
I am , like Kaya Toast, is in talking to MSWG on our plight and requesting MSWG to champion our course. Will update all when something develops…

Posted by TheContrarian > 2 months ago | Report Abuse

@ajkeat, please provide your phone number so that you can be contacted.

Posted by ajkeat > 2 months ago | Report Abuse

@ the contrarian,maybe you can provide me with your whatsapp contact or any other contact,i shall communicate with you,sorry that i wouldnt want to list my number in this forum for privacy purpose.I tend to like the view of Johnzhang who is analytical and informative.well i actually own 1 million mphb and may be able to gather another 3 to 5 hundred thousands from friends around me.besides,i agreed with opportunate that we collect the 3 cts dividend before further action,i also believe bursa or sc will not approve the privatise price of 1.70 so easily as the NTA shown with bursa record is 2.40 where they have not revise for so many many yrs,afterall everybody agreed land price already inflate so much especially in Pengarang.well lets be patience to wait for a while since most of us already waited more than 2 years

Posted by dompeilee > 2 months ago | Report Abuse

You ppl are unlikely to succeed(although as a shareholder, I would love if you did): this Thai-born fella privatized MWE for a significant discount not too long ago & let's not forget the '19 MAA debacle where despite new shareholders buying large blocks & successfully blocking the privatization, they ultimately LOST BIG because it plunged way below their cost of $1-1.05 & the major shareholder there vindictively cancelled all future dividends, depriving them of compensation for their paper losses till now & compounded their pain by gambling recklessly with their money in junk stocks like KNM!

Those who bought in 2014 months after the IPO are losing $ on this offer. And btw MWSG doesn't give a rat's f@rt about you minorities: I found that out after Genting's criminal involvment in Catskills in 2019.

Posted by ajkeat > 2 months ago | Report Abuse

@domleilee,this is a different issue compare with MAA,a loss making and with some problem going on thoes day,unlike mphb, cash rich and high valuation of landed asset.besides, surin is catching up with age,you and me can wait,maybe. Surin,if he continue to hold on and delay the privatisation plan, he may not enjoy and reap the fruitful returns from MPHB.Those day,MWE may not be able to compare with mphb,again,asset backing and highcash reserve plus brighter future prospect on development of johore,singapore economic zone. as for mwe,during privatisation, there is nothing much to shout about,well, i may be wrong,its just my personal opinion.if you see the trend of mphb on the last few weeks transaction,you may observe that someone is slowly accumaulating this counter.

Posted by Johnzhang > 2 months ago | Report Abuse

ajkeat is right not to expose personal contact details in public forum. That’s the reason some of us working now to rope in MSWG , to be the facilitator in furthering our fight for improved SCR price . Some may have reservation if we will succeed, but it is unwise to be defeated without even putting up a fight. That’s how minorities have been taken for an easy ride all these years .

Posted by Johnzhang > 2 months ago | Report Abuse

I certainly share ajkeat’s view that MpHB is not MAA. We must shake off MAA ghost or any other ghost to haunt us throughout our investing life .
There are success stories out there where minorities get improved deal after putting up a fight .

Posted by Johnzhang > 2 months ago | Report Abuse

Some may cut his nose to spite his face . Surin will certainly not that type of personality !